About Tocardo
Tocardo is an Energy & Utilities company based in Den Oever (Netherlands) founded in 2008, and was acquired by QED Naval in January 2020. It operates as a manufacturer of tidal turbines. Tocardo has completed 1 acquisition, including IHC Tidal Energy. Tocardo offers products and services including Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing. Its focus areas include Energy Tech, Renewable Energy Tech, Marine Energy and Tidal. Its legal entity is Tocardo B.V. Its competitors include Nova Innovation, Verdant Power, Minesto, Sustainable Marine Energy and SABELLA and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
The company was founded in 2008 in Den Oever, Netherlands, within the renewable energy sector. Tidal turbines are produced for installation at sea or in structures like dams and barriers to generate electricity. Solutions are offered for inshore, offshore, smart grid, and river applications. Each turbine incorporates a permanent magnet direct drive generator along with patented bi-directional reversible rotor blades. Operations focus on sustainable hydropower technologies.
- Latest Funding Round$464.26K (USD), Grant
Jan 2017
- InvestorsRepsol
& 6 more
- Investments & Acquisitions
- Acquired by
Products & Services of Tocardo
Tocardo offers a comprehensive portfolio of products and services, including Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing.
Compact turbine for small-scale tidal energy generation.
Medium-sized turbine for commercial tidal projects.
Large turbine for high-capacity ocean energy applications.
System for supporting tidal energy projects in various environments.
Funding Insights of Tocardo
- Total Rounds 4
- Last Round Grant — $464,255
- Investors Count 3
All 4 funding rounds of Tocardo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
7 investors in total: 7 institutional.
Investors in Tocardo
Tocardo has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Repsol, Huisman and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | e2cleantech.com | - | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Repsol is engaged in energy production and sustainable solutions globally. | 1987 | repsol.com | Madrid, Spain | |
Provider of maintenance & installation services for wind turbines and other components | 1929 | huismanequipment.com | Schiedam, Netherlands | |
Marine renewable engineering and design consulting services are provided. | 2008 | qednaval.co.uk | Edinburgh, United Kingdom | |
Marine projects are developed and managed by Inyanga Marine. | 2017 | inyangamarine.com | Penryn, United Kingdom | |
Offers construction and development services for cleantech projects. | 1997 | tributeresources.com | London, Canada |
Investor details for Tocardo
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Investments & Acquisitions by Tocardo
Tocardo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IHC Tidal Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Vertical axis turbine maker | ihctidalenergy.com | Alblasserdam, Netherlands | 2012 | Nov 2014 | •••• |
Complete acquisition details for Tocardo
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Timeline of Tocardo
7 dated milestones of Tocardo across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Tocardo is founded.
- Exit Acquired by e2 cleantech.
- Funding First funding round.
- Acquisition Acquires IHC Tidal Energy.
- Funding Latest funding round, Grant, of $464K.
- Exit Acquired by Tribute Resources.
- Exit Acquired by QED Naval.
Competitors of Tocardo
Tocardo has 9 listed competitors in our database, 8 of them funded. They include Nova Innovation, Verdant Power, Minesto, Sustainable Marine Energy and SABELLA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novainnovation.com | 2010 | Edinburgh, United Kingdom | $3.72M | 36 | Submerged turbine systems are provided for tidal energy conversion projects. | |
| verdantpower.com | 2000 | New York, United States | $6.75M | 10 | Tidal turbines are developed and manufactured for hydropower projects. | |
| minesto.com | 2007 | Gothenburg, Sweden | $2.5M | – | Tidal energy is harnessed through an underwater kite with turbine. | |
| sustainablemarine.com | 2012 | East Cowes, United Kingdom | $11.34M | 15 | Manufactures tidal energy turbines for sustainable marine power generation. | |
| sabella.bzh | 2008 | Quimper, France | $8.47M | – | Submerged tidal turbines for marine energy are developed and deployed. | |
| eel-energy.fr | 2011 | Paris, France | $3.88M | – | Tidal currents are harnessed by the EEL Tidal Energy Converter. | |
| orbitalmarine.com | 2002 | Kirkwall, Scotland | $11.42M | – | Tidal turbine systems are developed for renewable energy generation. | |
| seaqurrent.com | 2013 | Grou, Netherlands | $4.76M | – | Tidal energy is harnessed via development of tidal kite systems. | |
| marineturbines.com | 1999 | Bristol, United Kingdom | – | – | Tidal power generators are developed for marine electricity production. |
Detailed competitors of Tocardo
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Web traffic of Tocardo
The website of Tocardo (tocardo.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▼ 35.1% vs previous month
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Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
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Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | 749 | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
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Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Frequently Asked Questions about Tocardo
Tocardo was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Tocardo is headquartered in Den Oever, Netherlands. It is registered at Den Oever, Noord-holland, Netherlands.
The company was founded in 2008 in Den Oever, Netherlands, within the renewable energy sector. Tidal turbines are produced for installation at sea or in structures like dams and barriers to generate electricity. Solutions are offered for inshore, offshore, smart grid, and river applications. Each turbine incorporates a permanent magnet direct drive generator along with patented bi-directional reversible rotor blades. Operations focus on sustainable hydropower technologies.
Tocardo's top competitors include Verdant Power, Minesto and Nova Innovation.
Tocardo offers Tocardo T-1, Tocardo T-2, Tocardo T-3, and HydroWing.
Tocardo has made 1 acquisition, including IHC Tidal Energy.
Tocardo has 7 investors. Key investors include Repsol, Huisman, European Union, Inyanga Marine Energy Group, and QED Naval.
Tocardo operates through Tocardo B.V..
Yes. Tocardo was acquired by QED Naval in January 2020.